Friday, March 29, 2013

APRIL 17, 1790 – DEATH OF BENJAMIN FRANKLIN

1790 – DEATH OF BENJAMIN FRANKLIN
"Experience, more prevalent than all the logic in the world, has fully
convinced us all that paper money has been, and is now, of the greatest
advantage to the country."
"The inability of the colonists to get power to issue their own money
permanently out of the hands of George III and the international bankers
was the prime reason for the revolutionary war. "
"A legitimate government can both spend and lend money, while banks can
only lend significant amounts of their promissory bank notes. Thus,
when bankers place money in circulation, there is always a debt
principal to be returned and usury to be paid."